Porsche family to acquire more than 25% of automaker ahead of IPO

BERLIN-Volkswagen SA first shareholder, Porsche Automobil Holding SE said it would acquire 25% plus an additional share of the voting shares of Porsche AG when VW puts the sports car brand up for sale, which could happen by the end of the month, the companies said on Saturday. companies.

VW, Europe’s biggest carmaker by sales, said the companies’ boards would meet on Monday to discuss the private placement of ordinary shares and whether to go ahead with an offer. initial public offering of 25% of the non-voting preferred shares of Porsche. If approved, Porsche shares could begin trading at the end of the month or in early October, VW said.


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